iPhone 17 Sales Surge Pushes Apple’s Market Cap Near $4 Trillion

The phenomenal sales of the iPhone 17 series have once again put tech giant Apple in the spotlight. The company’s market capitalization has now reached $3.9 trillion, making Apple the second-largest company in the world.

In the latest trading session, Apple’s stock rose 3.94%, closing at $262.24, giving a significant boost to its market cap. Currently, Nvidia remains the world’s most valuable company with a market cap of $4.44 trillion.

Strong Demand in China and the U.S.

According to Counterpoint Research, early sales of the iPhone 17 have already surpassed the iPhone 16. The series has received particularly strong responses in major markets like the U.S. and China. Experts note that the series’ features, design, and performance have generated significant excitement among customers, positively impacting Apple’s stock and market value.

Record-Breaking Demand in India

The iPhone 17 has also broken sales records in India. During the festive season, Apple recorded its highest-ever sales in the country. Analysts say that this series has not only sold more units but also strengthened customer trust.

Impact of ‘Make in India’ Initiative
The Make in India initiative is clearly paying off. One in every five iPhones is now manufactured in India, helping meet local demand more effectively.

Projected Annual Sales Growth of 28%

Tech industry analysts estimate that the success of the iPhone 17 series could result in up to 28% annual growth in Apple’s total sales. For the 2024-25 financial year, the company aims to ship 4.5 million units (45 lakh units). Early sales of the iPhone 17 are 19% higher than last year, a strong indicator for any tech brand.

iPhone 17 and iPhone Air Prices in India

The iPhone 17 series is available in India at the following starting prices:

• iPhone 17 (256GB): ₹82,900

• iPhone Air (256GB): ₹1,19,900

• iPhone 17 Pro (256GB): ₹1,34,900

• iPhone 17 Pro Max (256GB): ₹1,49,900

These premium smartphones are witnessing rapid sales growth not only in major cities but also in Tier-2 and Tier-3 cities.

Apple’s Quarterly Report Coming on October 30

Apple will release its quarterly earnings report on October 30. The recent strength in shares indicates high investor expectations from iPhone 17’s performance, which could reflect positively in the company’s financial results.

India Emerges as Apple’s Production Hub

India is rapidly becoming not only a major market for iPhones but also an Apple manufacturing hub. With one in every five iPhones now made in India, the country benefits from job creation and strengthens its technology sector.